tag INSTEX

European Firms and Hamstrung Gov’ts

EghtesadOnline: A new EU helpdesk for European SMEs and the slow progress of INSTEX were among a wide range of topics discussed at the Europe-Iran Business Forum on 1-3 March.
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Publish Date:06/March/2021 | 24:52

Long-Awaited INSTEX Transaction Insufficient

EghtesadOnline: The first transaction conducted under the European trade mechanism to bypass American sanctions is so small that its effect on Iranian economy is insignificant, a lawmaker said.
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Publish Date:06/April/2020 | 23:11

Addition of Six European States to INSTEX Inconsequential

EghtesadOnline: A decision by six more European countries to join the EU financial mechanism set up to facilitate trade with Iran is aimed at creating optimism and will unlikely be effective, a former diplomat says.
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Publish Date:07/December/2019 | 11:45

INSTEX President in Tehran

EghtesadOnline: The newly appointed German head of Iran-EU trade mechanism, known as Instrument in Support of Trade Exchange ( INSTEX ), was in Tehran to discuss issues of mutual interest.
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Publish Date:17/September/2019 | 24:13

Expert: Europe Unable to Challenge US Sanctions on Iran

EghtesadOnline: Europe is not able to push back against the United States because the American and European economies are closely intertwined, says a political analyst, who argues that Iran should expand ties with Russia, China and regional countries in light of the expected failure of INSTEX .
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Publish Date:19/August/2019 | 10:39

US Warns Europe Against Including Iran Oil Purchase in INSTEX

EghtesadOnline: American officials have issued a warning to European nations that they risk falling foul of sanctions on Iran if they press ahead with a barter system that could allow the export of Iranian oil.
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Publish Date:28/July/2019 | 24:02

INSTEX Is a Long Time Coming

EghtesadOnline: Tehran is not satisfied with the snail’s pace of transactions via the oft-publicized Iran-EU trade channel, said Gholamreza Ansari, deputy foreign minister for economic affairs.
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Publish Date:16/May/2020 | 05:38

INSTEX Operation Positive But Unsatisfactory

EghtesadOnline: The eventual operationalization of the European financial channel is welcomed by Iran, but does not meet the country’s expectations, a top diplomat said.
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Publish Date:06/April/2020 | 23:06

EU Sells Medical Goods via INSTEX

EghtesadOnline: European companies exported medical supplies to Iran as part of a mechanism set up to circumvent US sanctions.
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Publish Date:04/April/2020 | 21:36

INSTEX : An Instrument Only on Paper

EghtesadOnline: Exactly one year ago the foreign ministers of France, Germany and the UK created the so-called Instrument for Supporting Trade Exchanges ( INSTEX ) to facilitate legitimate trade with Iran without violating the US economic sanctions. Since then absolutely nothing has happened.
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Publish Date:02/February/2020 | 24:23

INSTEX Chief to Visit Iran

EghtesadOnline: Michael Bock, head of Iran-EU trade channel, known as the Instrument In Support of Trade Exchange ( INSTEX ), will visit Iran on January 12 to discuss the latest developments on the long-delayed mechanism.
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Publish Date:17/December/2019 | 13:27

Six EU Nations Join INSTEX

EghtesadOnline: Six European countries, namely Belgium, Denmark, Finland, the Netherlands, Norway and Sweden announced in a joint statement on Friday their intent to join the Instrument in Support of Trade Exchanges ( INSTEX ), designed to facilitate trade with Iran.
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Publish Date:01/December/2019 | 11:34

Eight More Countries Joining INSTEX

EghtesadOnline: Eight more countries have decided to join the financial mechanism for trade with Iran, in addition to states that have been part of the mechanism, said Nathalie Tocci, an aide to EU High Representative Federica Mogherini.
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Publish Date:02/October/2019 | 11:23

EU Banks to Join INSTEX

EghtesadOnline: The new head of INSTEX , Michael Bock, who was in Tehran this week, says some small European banks are willing to join the barter trade mechanism.
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Publish Date:18/September/2019 | 11:53

German Appointed New INSTEX Chief

EghtesadOnline: Another German diplomat was appointed president of the trade mechanism designed to settle trade between Iran and Europe, officially known as Instrument in Support of Trade Exchange ( INSTEX ).
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Publish Date:07/September/2019 | 11:43

Europe's Non-Nuclear Demands to Blame for Deadlocked Talks

EghtesadOnline: The dragged-out negotiations between Tehran and the remaining signatories to the nuclear deal are unlikely to make progress on issues such as INSTEX , particularly because Europe wants further concessions from Iran in return for helping its economy, a former diplomat commented.
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Publish Date:10/August/2019 | 13:01

Newly-Appointed INSTEX Chief Quits

EghtesadOnline: European efforts to launch a payments channel to facilitate trade with Iran suffered a fresh setback on Thursday when the German former diplomat who was set to take over as the new chief of INSTEX was forced to pull out at the last moment.
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Publish Date:10/August/2019 | 24:31

New Chief at INSTEX

EghtesadOnline: lBernd Erbel, 72, a German diplomat and a former head of his country’s mission in Iran (Oct. 2009-2013) has been appointed as the new president of Iran-EU trade mechanism, known officially as the Instrument in Support of Trade Exchange ( INSTEX ).
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Publish Date:31/July/2019 | 10:18

Russia Links INSTEX Inclusion to Iran Oil Sales

EghtesadOnline: Russia has said it may join a European Union payment system aimed at salvaging the Iran nuclear deal if the mechanism is expanded to include oil purchases.
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Publish Date:20/July/2019 | 10:11